Churdan, Iowa Property Taxes
The median property tax rate in Churdan, IA is 1.08%, slightly higher than the national median of 0.99% but lower than the Iowa state median of 1.54%. With a median home value in Churdan of $168,390, the typical annual property tax bill is $1,513, which is below the national median of $2,690. Property taxes in Churdan are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Churdan's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Churdan or another part of Calhoun County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Churdan, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$1,819
Ownwell’s Churdan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Churdan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Churdan to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Churdan, Iowa
Property taxes in Churdan, Iowa, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Churdan is 1.08%, higher than both the Iowa state median and the U.S. national median of 0.99%. Local government entities within Churdan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Churdan estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Churdan's effective property tax rate to other counties in Iowa and the national median. For comparison, the 50050 zip code has the highest median property tax rate of 1.08%, while the same zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Churdan provides valuable insights into the varying tax landscape across Calhoun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Churdan Tax Rate
1.08%
Average Calhoun County Tax Rate
1.32%
Average Iowa Tax Rate
1.54%
Average United States Tax Rate
0.99%
Property Tax Rates Across Churdan, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50050 | 0.90% | 1.00% | 1.08% | 1.15% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Churdan, Iowa
In Churdan, Iowa, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Calhoun County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Churdan, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the median home price is $168,390, with tax bills ranging from $1,145 at the 25th percentile to $5,073 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 50050, standing at $1,513. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Churdan Assessed Value
$168,390
Average Calhoun County Assessed Value
$99,020
Average Iowa Assessed Value
$167,100
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Churdan, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50050 | $63,105 | $113,975 | $168,390 | $261,685 | $454,075 |
Source: Ownwell
Property Tax Bills Across Churdan, Iowa
In Churdan, Calhoun County, IA, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value, and this value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property improvements, market conditions, and neighborhood trends can influence the assessed value. Homeowners in Churdan face property tax bills that can vary significantly. For example, the tax bill at the 25th percentile is around $1,145, while at the 75th percentile, it rises to approximately $2,848, and at the 90th percentile, it can reach as high as $5,073. These variations can impact homeowners' finances, as higher property taxes may lead to increased monthly mortgage payments or reduced disposable income. Compared to the national median property tax rate of 0.99%, Churdan's tax rates reflect the unique economic and market conditions of the area.
Average Churdan Tax Bill
$1,513
Average Calhoun County Tax Bill
$1,396
Average Iowa Tax Bill
$2,508
Average United States Tax Bill
$2,690
Property Tax Bills Across Churdan, Iowa
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 50050 | $668 | $1,145 | $1,513 | $2,848 | $5,073 |
Source: Ownwell